HMT News – January 2015

Every month, HMT publish a newsletter that will keep you updated on latest business information, event news and provide you with helpful hints and tips.

Happy New Year from HMT!

All of us at HMT wish you a very Happy and Prosperous New Year 2015 and we hope to have the opportunity to work with you this year.

1,773 ‘happy returns’ at Christmas

HMRC have reported that they received 1,773 online tax returns on Christmas Day. You have until January 31st 2015 to submit yours. Read full story

Holiday pay and overtime update

We have previously reported that in the judgement an Employment Appeal Tribunal (EAT) decided that holiday pay should reflect non-guaranteed overtime. Read full story

HMT sponsored the first 2015 STIR

Thank you to those who joined us at the STIR networking event. The evening was a real success with over 100 people turning up to meet other professionals and network. An amazing number that is maybe due to new year’s resolutions! Read our blog article

Tax on the diverted profits dubbed the new ‘Google tax’

The government has published draft tax legislation to implement the new tax on diverted profits which has been referred to as the ‘Google tax’. Read full story

3 new recruits joined HMT this month

In January 2015, HMT has recruited 3 new joiners: Ludmil Garkov as an Associate Director working in the corporate finance & transaction support team, Alice Weghofer and Anna Lawrence as Audit Assistants.

RTI: filing penalties and appeals

In the latest Employer Bulletin HMRC are reminding employers that they are about to issue penalty notices to those employers who have failed to meet their RTI filing obligations. Read article here

Solicitors’ Tax Campaign

Solicitors are being given the chance by HMRC to bring their tax affairs up to date or face tougher penalties, as part of a new tax campaign. Read full story

Changes to the Construction Industry Scheme (CIS)

The government has announced that it will implement a package of improvements to the CIS. Read full story